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Ashford Hospitality suspends preferred stock dividends

Jun. 19, 2020 8:06 AM ETAshford Hospitality Trust, Inc. (AHT) StockAHTBy: Liz Kiesche, SA News Editor1 Comment
  • Ashford Hospitality Trust (NYSE:AHT) suspends dividends for its preferred stock for Q2, as the hotel REIT conserves cash amid the COVID-19 pandemic.
  • Specifically, it suspends payment and won't declare a dividend for its cumulative preferred stock, series D, series F, series G, series H, and series I.
  • It previously said it would suspend its common stock dividend, a move expected to save $7M per calendar quarter.
  • Previously: Ashford Hospitality in forbearance with several lenders (June 3)

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